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Chinese to build canal in Nicaragua, says Ortega

Monday, May 20, 2013

China's HK, headquartered in Hong Kong, could be the company in charge of building Nicaragua's Inter-Oceanic Canal, said the country's president, Daniel Ortega.

Ortega plans to build the canal through Lake Nicaragua, the largest in Central America, instead of using the San Juan river after a long territorial dispute with Costa Rica.

Investment for the project is estimated at $40 billion, and includes the construction of ports, airplane landing strips and an oil pipeline.

Full story (in Spanish)